audits

(Getty Images)
SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ
Having proof of reserve reports is not enough information for an investor, according to Paul Munter, the SEC's acting chief accountant.
(Getty Images)

(Feodora Chiosea/Getty Images, modified by CoinDesk)
Audit Firms Don’t Want to Work With Crypto Companies, and That’s a Problem
Mazars and Armanino are getting out of the crypto audit game after a wave of negative PR.
(Feodora Chiosea/Getty Images, modified by CoinDesk)

audit
Binance Losing Auditing Partner Mazars Leaves Crypto Questions Unanswered
Auditing firm Mazars, which had published a proof of reserves report for Binance and other exchanges, on Friday cut ties with clients in the crypto industry.
audit

CDCROP: CZ aka Changpeng Zhao CEO of Binance speaking at Vietnam NFT Summit June 4 2022 (Wikimedia)
CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting ‘FTX-Like’ Behavior
The analytics firm found the exchange is almost entirely collateralized and diversified away from its proprietary token.
CDCROP: CZ aka Changpeng Zhao CEO of Binance speaking at Vietnam NFT Summit June 4 2022 (Wikimedia)

Coinbase Opens At $102 Billion Valuation With Initial Public Offering
Coinbase’s Prime Broker Platform Receives Industry Attestation Reports
The reports look at internal controls over financial reporting, as well as controls based on trust principles.
Coinbase Opens At $102 Billion Valuation With Initial Public Offering

CDCROP: CZ aka Changpeng Zhao CEO of Binance at Consensus Singapore 2018 (CoinDesk)
Binance's Bitcoin Reserves Are Overcollateralized, New Report Says
Mazars performed a proof-of-reserves and proof-of-liabilities assessment on the centralized exchange.
CDCROP: CZ aka Changpeng Zhao CEO of Binance at Consensus Singapore 2018 (CoinDesk)

Markets Daily Podcast Cover
Crypto Update | 'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits (Pt. 2)
With bitcoin regaining $16K after dipping to a two-year low earlier in the week, plus a deeper look at the troubled transactions inside FTX, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

CDCROP: DO KWON (Terra, modified by CoinDesk)
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX.
CDCROP: DO KWON (Terra, modified by CoinDesk)

CDCROP: Dollar Bills $1 (Horst Schwalm/Pixabay)
Crypto Auditing Platform Sherlock Raises $4M in Funding
The protocol features an open auditor competition to help find smart contract vulnerabilities
CDCROP: Dollar Bills $1 (Horst Schwalm/Pixabay)

CDCROP: Chia founder Bram Cohen (Chia)
Chia Network Reissues Its Asset Token to Address Security Vulnerability
The smart transaction platform will upgrade its chia asset token (CAT) to a new token, CAT2, to address a potential security weaknesses.
CDCROP: Chia founder Bram Cohen (Chia)